www.universalcurrentaffairs.com

Stockholm International Peace Research Institute (SIPRI) Report.

Released By: Stockholm International Peace Research Institute (SIPRI)

The theme of the Report: Military Spending across the Globe

Key Findings

According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure has reached a new record high of $2240 billion, increasing by 3.7% in real terms in 2022. That marks an all-time high and follows several years of continuously higher spending.

Europe witnessed its most substantial year-on-year increase in military spending in at least 30 years. The United States, China, and Russia, which are the three largest military spenders, contributed 56% of the total global military expenditure in 2022. These findings were released by SIPRI in its latest report on global military spending.

Top 5 Ranking Countries:-

  1. United States
  2. China
  3. Russia
  4. India
  5. Saudi Arabia

Share:

No comments:

Post a Comment

Followers

Android App "CA DAILY UPDATES"

Translate

Popular Posts

Blog Archive

Recent Posts